Korean Firm FLETA Teams Up with Chainlink’s Oracles to Boost Medical Research Using Blockchain Technology

FLETA is to combine its blockchain into Chainlink’s community of decentralized oracles to present trusted knowledge to its decentralized functions (dApps), and develop a system that permits medical professionals to extra simply share well being data.

Henry Hong, CEO of FLETA, mentioned:

 “Our blockchain’s scalability and the integrity of our good contract knowledge will likely be elevated by using Chainlink’s decentralized oracle community. Additionally, by deploying Chainlink’s oracle options, we will extra simply apply blockchain know-how to extra diversified fields sooner or later.”

“With Chainlink, FLETA will develop many use instances past well being, which is able to lead us in the direction of new life powered by blockchain know-how.”

Daniel Kochis, Head of Enterprise Improvement for Chainlink, mentioned:

“We’re excited to combine Chainlink’s safe and dependable oracles onto the FLETA blockchain to convey trusted real-world knowledge to their on-chain functions.

“It’s a pleasure to have the ability to work with FLETA on the necessary well being problem of bringing South Korea’s medical well being data on to the FLETA blockchain, opening up extra collaborative well being analysis alternatives.”

FLETA’s Scientific Research Information Registry Platform will likely be constructed on its native blockchain and can use real-world knowledge provided by Chainlink oracles. This initiative will permit docs, researchers, and sufferers to add actual medical knowledge on-chain and assist assist robust medical analysis primarily based on shared well being data.

To achieve this purpose, FLETA will likely be utilizing Chainlink’s decentralized oracle community to securely and reliably ship well-validated off-chain knowledge to good contracts deployed on the FLETA blockchain.

The Korea-based group can also be exploring Chainlink’s decentralized oracle community for sensible makes use of to assist its high-profile partnerships resembling working with the Korean authorities to enhance medical analysis collaboration.

Working with Chainlink will advance its blockchain-based eCRF (Digital Case Report Kind) system, a medical trial knowledge administration system. The eCRF system was supported by the Nationwide IT Trade Promotion Company of the South Korean Authorities in 2019.

FLETA goals to be a consultant blockchain platform of the healthcare business by growing use instances primarily based on real-world well being knowledge.

Chainlink Powered

Decentralized functions usually require exterior knowledge present exterior the blockchain to execute efficiently, for instance, monetary market knowledge for decentralized finance (DeFi) functions.

Offering exterior knowledge to good contracts in a safe and dependable method to match the safety properties of the underlying blockchain is a technical problem; usually referred to as “the oracle drawback.”

After reviewing a number of oracle choices available on the market, Chainlink stood out throughout all of the classes FLETA deemed most necessary for a robust oracle, which is the rationale it selected to make it a default answer for FLETA builders.

By integrating Chainlink’s giant community of decentralized oracles, FLETA can increase the worth of its good contracts whereas retaining their priceless safety properties.  Chainlink makes it a lot simpler for FLETA builders to construct use instances primarily based on real-world knowledge throughout a various set of markets together with well being, finance, insurance coverage, and extra.

FLETA is a excessive efficiency public blockchain platform giving builders all of the instruments mandatory to construct progressive services and products.

The FLETA blockchain mainnet formally launched on 11th November 2019, with the goal of limitless scalability, low transaction charges, and lightning quick speeds. FLETA has developed its personal mining ecosystem primarily based on PoF, a brand new consensus algorithm developed by the FLETA group.

FLETA’s consultant use instances embody a blockchain-based eCRF system, blockchain-based video games, and a medical trial knowledge administration system used to forestall the manipulation of medical trial knowledge.

You’ll be able to learn extra about FLETA on their web site, or be part of their Telegram to participate in the neighborhood.

Chainlink is a decentralized oracle community that allows good contracts to securely entry off-chain knowledge feeds, net APIs, and conventional financial institution funds. It’s well-known for offering extremely safe and dependable oracles to giant enterprises (Google, Oracle, and SWIFT) and main good contract growth groups resembling Polkadot/Substrate, Synthetix, Loopring, Aave, OpenLaw, Conflux, and plenty of others.

If you happen to’re a developer and need to join your good contract to present knowledge and infrastructure exterior the underlying blockchain, attain out to them right here! They can assist you shortly and securely launch your data-enabled software or Chainlink Value Reference Information Contract on mainnet at the moment. You can too go to the developer documentation or be part of the technical dialogue on Discord. Be taught extra by visiting the Chainlink web site or following them on Twitter or Reddit.

Additionally revealed on Medium.

Korean Firm FLETA Teams Up with Chainlink's Oracles to Boost Medical Research Using Blockchain Technology
In his 20s, he sailed world wide on small yachts and wrote a sequence of journey articles referred to as, ‘The Hitchhiker’s Information to the Seas’ travelling by hitching rides on yachts (1989) in main journey and yachting publications. He at present lives in Groningen, the Netherlands the place he has set down his anchor to elevate a household and write. Founder and writer of business publication Blockchain Information (EST 2015) and director of training firm Blockchain Companions (Oracle Associate) – Vancouver native Richard Kastelein is an award-winning writer, innovation govt and entrepreneur. He has written over 2500 articles on Blockchain know-how and startups at Blockchain Information and has additionally revealed in Harvard Enterprise Overview, Venturebeat, Wired, The Guardian and quite a lot of different publications.

Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China’s first blockchain College in Nanchang on the Jiangxi Forward Institute software program and Technology. He has over a half a decade expertise judging and rewarding some 1000+ innovation initiatives as an EU skilled for the European Fee’s SME Instrument programme as a startup assessor and as a startup choose for the UK authorities’s Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain know-how at over 50 occasions in 30+ cities.

Korean Firm FLETA Teams Up with Chainlink's Oracles to Boost Medical Research Using Blockchain Technology
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